HEA 478 - Strategic Management in Healthcare » Fall 2021 » Chapter 7 Quiz
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Question #1
If a large percentage of an organization's product is purchased by one firm, what situation exists?
A.
High rivalry
B.
High seller market power
C.
A monopoly
D.
High buyer power
Question #2
Which of the following is not one of the driving forces discussed in the text?
A.
Workforce availability
B.
Chronic disease
C.
Political changes
D.
Technological changes
Question #3
In healthcare, GPO stands for
A.
group-purchasing organization
B.
group policy ordinance
C.
group physician organization
D.
group performance options
Question #4
All of the following create barriers to entry except
A.
product differentiation
B.
the size of a market
C.
access to distribution channels
D.
economies of scale
Question #5
Mobility barriers
A.
are generally illegal in the United States
B.
impede organizations from moving into a different strategic group
C.
block organizations from moving into a new industry
D.
increase the rivalry in a market
Question #6
A patient's reluctance to change his physician might be considered
A.
monopolistic competition
B.
a switching cost
C.
consumer preference
D.
product differentiation
Question #7
Governments in healthcare have increased barriers to entry by creating
A.
certificate-of-need laws
B.
Medicare
C.
membership requirements
D.
Medicaid
Question #8
Which of the following is not identified in the text as a factor that may increase rivalry?
A.
Rate of demand growth
B.
Similar leadership
C.
Height of exit barriers
D.
Degree of product differentiation
Question #9
Which of the following is not one of the forces used in Porter's Five Forces model?
A.
Power of key stakeholders
B.
Power of buyers
C.
Potential for new entrants
D.
Threat of substitutes
Question #10
Scenario analysis may be important
A.
to an organization's success because it enables the organization to accurately predict the future
B.
to organizations that exist in relatively stable environments
C.
for accurately allocating resources across corporate units
D.
for preparing contingencies for potential major changes in the future
Question #11
A PEST analysis is a method of
A.
analyzing market demand
B.
determining patient origin
C.
determining strategic goals
D.
selecting driving forces
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